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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash flows from operating activities:    
Consolidated net income (loss) $ 6,670,378 $ (545,352)
Adjustments to reconcile consolidated net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 170,259 95,183
Unrealized loss on marketable securities, net 7,536 1,720
Deferred income taxes 1,000 (183,000)
Non-cash lease recovery (47,554) (34,785)
Non-cash Right-of-use asset impairment charge 136,599
Forgiveness of principal and accrued interest on SBA PPP loan (6,735,246)
Non-cash stock-based compensation expense 495,736 59,083
Changes in operating assets and liabilities:    
Accounts receivable (2,758,279) (1,036,758)
Other receivables (5,482) (24,568)
Prepaid expenses (43,731) (142,664)
Prepaid and recoverable income taxes (41,723) 57,642
Other assets 1,404 (12,119)
Accounts payable, other payables, accrued expenses and other current liabilities 72,145 2,121,404
Advances from customers 17,902 (11,402)
Legal settlement payable (276,843) 29,465
Net cash (used in) provided by operating activities (2,472,498) 510,448
Cash flows from investing activities:    
Purchase of Geneva Consulting Group, Inc., net of cash acquired of $241,946 (3,100,114)
Purchases of equipment and leasehold improvements (81,011) (33,315)
Net cash used in investing activities (81,011) (3,133,429)
Cash flows from financing activities:    
Net repayments on Credit Facility (32,728) (473,496)
Net proceeds from ATM stock sales 1,821,090
Tax withholding from vested stock awards (91,904)
Distribution to noncontrolling interest (27,390)
Net cash provided by (used in) financing activities 1,669,068 (473,496)
Net decrease in cash and cash equivalents (884,441) (3,096,477)
Cash and cash equivalents at beginning of period 7,370,646 9,730,022
Cash and cash equivalents at end of period 6,486,205 6,633,545
Supplemental disclosures of cash flow data:    
Income taxes paid 41,000 12,000
Non-cash investing and financing activities:    
Right-of-use asset and operating lease liability $ 846,000